Bharat Electronics Limited

NSE: BEL

Defence Electronics

₹409.2

-0.68%EOD · 19 Aug

Economic Moat: Defence electronics near-monopoly

India's premier defence electronics PSU, making radars, electronic warfare systems, avionics, and communication equipment for Indian armed forces. Order book of ₹60,000+ crore.

Market Cap

₹2.99 L Cr

52W Range

₹473 / ₹298

Volume

10660K

60.1% delivery

1Y Return

+0.7%

P/E Ratio

48.8

P/B Ratio

12.5

ROE

27.6%

Debt / Equity

0.27

Peers in Defence

Top 8 by market cap

Company	LTP	Market Cap	P/E	P/B	ROE %	Div Yld %
Bharat Electronics Limited(this stock)	₹409.2	₹2.99 L Cr	48.8	12.5	27.6%	0.61%
Hindustan Aeronautics LimitedHAL	₹5,017	₹3.36 L Cr	36.1	8.2	24.0%	0.40%
Mazagon Dock Shipbuilders LimitedMAZDOCK	₹2,563.8	₹1.03 L Cr	38.9	10.7	28.8%	0.82%

Technical Indicators

Full analysis · objective math, not advice

Returns

-0.7%

-0.3%

+1.0%

+0.2%

-6.9%

+0.7%

Weinstein Stage

Stage 4 — Declining (downtrend)

RSI (14)

80 Overbought

Trend Template

4/7moderate

RS vs Nifty (3M)

-3.0pp

Moving Averages (price vs MA)

20-DMA

₹400

above

50-DMA

₹407

above

150-DMA

₹421

below

200-DMA

₹419

below

From 52W High

-13.6%

From 52W Low

+37.1%

Support (20D)

₹382

Resistance (20D)

₹416

Technical indicators are objective calculations from historical EOD prices (RSI, moving averages, Weinstein stage, Minervini trend-template, relative strength). For educational reference only — not a buy/sell recommendation.

Quality Signals

Multi-year consistency · Source: Screener annual data

ROE Consistency

0/0 years ≥15%

Revenue Growth

+13.5% CAGR

Up 11 of last 11 years

Earnings Quality

Accrual-heavy (watch)

OCF / Net Profit = 0.25x · 10/12 yrs +ve cash flow

Quality signals derived from multi-year annual financials. ROE consistency = years with ≥15% return on equity. Cash-backed = operating cash flow vs reported net profit (≥1x means earnings are converted to real cash, not just accruals). Educational reference only — not investment advice.

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